Hank Halter, a current board member at Delta Community Credit Union, has been named interim president/CEO effective Jan. 1 while the $4.3 billion cooperative continues its search for a permanent successor to replace retired CEO Rick Foley.

The $5.9 billion American Airlines Federal Credit Union of Fort Worth, Texas, is reassuring its members about its safety and soundness after Tuesday’s Chapter 11 bankruptcy filing by its parent sponsor, AMR Corp.

Despite the documented ability of smart chips to cut fraud losses, experts say some credit unions and CUSOs have not moved very quickly to start issuing credit and debit cards enabled with the higher tech chips.